BlackletterCalifornia law

Financial Code § 4941

ARTICLE 2. Conversion of Federal Depository Corporation Into California State Depository Corporation

Current as of September 28, 2026Fin. Code, § 4941Official source ↗

Amended by Stats. 1996, Ch. 1064, Sec. 534. Effective January 1, 1997. Operative July 1, 1997.

With the approval of the commissioner:

(a) A national banking association may convert into a California state bank pursuant to this article and federal law.

(b) A federal depository corporation of any class may convert into a California state depository corporation of another class pursuant to federal law and this article.